Blocksmith Says: Bitcoin Has Bottomed

4 November 2022

Quick note today because not much to say when a good uptrend is working and it’s a good policy in trading to relax into stable trend phases and not try to fine tune the trade too much. 

Pick the target, adjust your stop as price unfolds. Bitcoin has bottomed and is moving nicely in its channel. This is dollar related as much as anything. Looking up to 24,000 for now.. Will update if material change or threat.

Christopher Grafton
Christopher Grafton

Chris has been working in the markets for over 15 years variously as a broker, analyst and researcher. He is the author of a well-known book on Hurst cycles analysis, and runs his own market analysis software platform on Bloomberg. He’s also a keen student of both the cello and Brazilian Jiujitsu.

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